The Company is a technology innovator and deals in semiconductor for wired and wireless communications. It products enable the delivery of voice, video, data and multimedia to and throughout the home, the office and the mobile environment.
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Bet on the growth of smart phones. Broadcom designs the chips that support WiFi/Bluetooth/Cellular baseband for the iPhone and other smart phones. Currently trading near its 52 week low with a forward P/E of 11.7. Pays a 1.1% dividend and the dividend coverage is 12% leaving significant room for growth.